3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Automatic Data Procs
Our trading algorithm values Automatic Data Procs (ADP) to be overvalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | overvalued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $233.08 |
| 60 Day Prediction | $226.26 |
| 60 Day Pred - Lower Bound | $215.6 |
| 60 Day Pred - Upper Bound | $236.95 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.044 * nr_days_in_the_future + 224.955
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
ADP traded at $233.08 this Tuesday October 18th, gaining since last week.
Looking back, over the last month, ADP has been gaining.
Over the last year, it has been gaining.
Seasonality of Automatic Data Procs
Using our AI model, we have been analyzing the value change for Automatic Data Procs depending on the day or month of a year. This can be seen in the following graph:
